|
• EXTRACT OF MINUTES OF MEETING
<br /> CITY COUNCIL OF THE
<br /> CITY OF ST. ANTHONY, MINNESOTA
<br /> Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of St.
<br /> Anthony, Minnesota, was duly called and held at City Hall in St. Anthony, Minnesota, on Monday,
<br /> December 8, 2003.
<br /> The following members were present: Hodson, Faust, Thuesen, Sparks, Horst
<br /> and the following members were absent: None
<br /> Member Faust introduced the following resolution and moved its adoption:
<br /> Resolution No. 03- 103
<br /> RESOLUTION CALLING FOR REDEMPTION OF OUTSTANDING
<br /> GENERAL OBLIGATION TAX INCREMENT BONDS, SERIES 19958, DATED DECEMBER 1, 1995
<br /> WHEREAS, the City Council of the City of St. Anthony, Minnesota, issued on behalf of the City of
<br /> St. Anthony, Minnesota $2,650,000 General Obligation Tax Increment Bonds, Series 1995B, dated
<br /> • December 1, 1995 (the"Series 1995B Bonds"), of which $4,460,000 still remains outstanding; and
<br /> WHEREAS, all of the Series 1995B Bonds maturing in the years 2005 through 2010, inclusive,
<br /> are subject to redemption and prepayment at the option of the City on February 1, 2004 and on any date
<br /> thereafter at a price of par, plus accrued interest, all as provided in the resolution adopted by the City
<br /> Council of the City of St. Anthony, Minnesota on November 27, 1995, authorizing the issuance of the
<br /> Series 1995B Bonds (the"1995 Resolution"); and
<br /> WHEREAS, the City Council of the City of St. Anthony, Minnesota deems it desirable and in the
<br /> best interests of the City of St. Anthony to call those bonds maturing in the years 2005 through 2010,
<br /> inclusive, totaling $1,280,000 in principal amount, on February 1, 2004, in accordance with the 1995
<br /> Resolution; and
<br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of St. Anthony, Minnesota,
<br /> as follows:
<br /> (1) All of the Series 1995B Bonds maturing in the years 2005 through 2010, inclusive, totaling
<br /> $1,280,000 in principal amount shall be redeemed and prepaid on February 1, 2004, at par,
<br /> plus accrued interest.
<br /> (2) The City Clerk of the City of St. Anthony, Minnesota is hereby authorized and directed to give
<br /> mailed notice of call, prior to February 1, 2004, for the Series 1995B Bonds, to the Bond
<br /> Registrar/Paying Agent, U.S. Bank National Association as successor to Firstar Trust
<br /> Company, (as agent for Firstar Bank, N.A.), successor to American Bank, National
<br /> Association, in St. Paul, Minnesota, and to all holders of the Bonds. Said notice shall be
<br /> substantially in the form shown as Exhibit A.
<br /> • (3) The City Clerk of the City of St. Anthony is hereby authorized and directed to deposit with the
<br /> Bond Registrar/Paying Agent of the Series 1995B Bonds, U.S. Bank National Association
<br /> successor to Firstar Trust Company, (as agent for Firstar Bank, N.A.), successor to American
<br /> Bank, National Association, prior to the call date of February 1, 2004, sufficient funds to pay
<br />
|